CIT v. Lakshmi Machine Works - Taxpublishers.in

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The Tax PublishersCivil Appeal No. 4409 of 2005 & Ors. 2007 TaxPub(DT) 1188 (SC) : (2007) 290 ITR 0667 : (2007) 210 CTR 0001 : (2007) 160 TAXMAN 0404 CIT v. Lakshmi Machine Works INCOME TAX ACT, 1961 Deductions under section 80HHC - Computation -Sales tax and excise duty *Held:* In computation of claim of deduction under section 80HHC, items of sales tax and excise duty could not be considered as part of total turnover of assessee. Income-tax Act, 1961, Section 80HHC A.Y. : 1993-94 Decision: In favour of assessee. Case Law Analysis:Chowringhee Sales Bureau (P.) Ltd. v. CIT [1973] 87 ITR 542 (SC) [Para 3], CIT v. SudarshanChemicals Industries Ltd. [2000] 245 ITR 769/ 112 Taxman 511 (Bom.) [Para 5], Paprika Ltd. v. Board of Trade [1944] 1 All. ER 372 (KB) [Para 14] and Love v. Norman Wright (Builders) Ltd. [1944] 1 All. ER 618 (CA) [Para 14]. CIT v. Lakshmi Machine Works SUBSCRIBE FOR FULL CONTENT

The Tax PublishersCivil Appeal No. 4409 of 2005 & Ors.
2007 TaxPub(DT) 1188 (SC) : (2007) 290 ITR 0667 : (2007) 210 CTR 0001 : (2007) 160 TAXMAN 0404

CIT v. Lakshmi Machine Works

INCOME TAX ACT, 1961

Deductions under section 80HHC - Computation -Sales tax and excise duty

Held: In computation of claim of deduction under section 80HHC, items of sales tax and excise duty could not be considered as part of total turnover of assessee.

Income-tax Act, 1961, Section 80HHC

A.Y. : 1993-94
Decision: In favour of assessee.

Case Law Analysis:Chowringhee Sales Bureau (P.) Ltd. v. CIT [1973] 87 ITR 542 (SC) [Para 3], CIT v. SudarshanChemicals Industries Ltd. [2000] 245 ITR 769/ 112 Taxman 511 (Bom.) [Para 5], Paprika Ltd. v. Board of Trade [1944] 1 All. ER 372 (KB) [Para 14] and Love v. Norman Wright (Builders) Ltd. [1944] 1 All. ER 618 (CA) [Para 14].

CIT v. Lakshmi Machine Works